HALIFAX, Jan. 30, 2014 /CNW/ - Stockport Exploration Inc. (TSX: SPT) (OTC: LMTCF) is announcing sampling results from the second of five zones as part of
its Phase 1 regolith sampling program at the SPL 214 license from
within the Company's 2,020 km2 Kenyan concessions.
The second target, Ahero, is located 500 meters to the north of the
first announced target, Kasidho (see news release January 8th 2014). Currently Ahero is defined by anomalous gold results over a
surface area measuring approximately 550m x 400m. The company completed
44 sampling pits in the Ahero area, and similar to the previous Phase 1
sampling at Kasidho, targeted quartz rubble bands within the regolith
that range in measured true thickness from 0.1m to 1.0m. Individual
samples from within pits containing a quartz rubble band were sampled
over an average interval length of 0.2m. Quartz rubble material at
Ahero has been logged at a density of 3% - 60% and presents as rounded,
sub rounded and angular quartz. Highlighted samples returned gold
values of 127.2 g/t, 95.3 g/t, 31.4 g/t and 16.2 g/t. A table of significant Ahero sampling results appears below.
"We are very pleased with the continued results we are seeing from our
Phase 1 sampling program", said Jim Megann Stockport Exploration
President and CEO. "Ahero represent a significant target for us in
both in terms of surface dimension and potential grade. Our sampling
work in Phase 1 is currently focused on a total of 5 target areas on
the SPL 214 concession, as well as potentially expanding the Ahero
target announced today".
The Company is currently undertaking a two-phased exploration program.
Phase 1 consists of sampling, metallurgy, and procurement of access and
environmental approvals. The Company is assessing SPL 214's potential
to support a small-scale surface mining operation. Based on results
from Phase 1, a Phase 2 program may establish a small-scale mining
operation.
Project sampling protocols include sampling of bedrock, where exposed,
as well as the quartz rubble zones that occur within overlying
regolith. Bedrock samples typically consist of continuous chip samples
of exposed outcroppings of quartz veins or associated wallrock. Quartz
rubble samples are typically collected as aggregates of coarse material
from specific intervals or horizons exposed within hand-dug pits that
measure up to 2 metres in total depth.
Stockport intends to continue Phase 1 evaluation of SPL 214 and expects
to determine if the Company will proceed to Phase 2 work program in
2014.
Significant Ahero Assay Results
Sample
|
Easting*
|
Northing*
|
Pit
|
Description
|
Au g/t
|
307666
|
677853
|
9922635
|
1
|
quartz rubble picked randomly from pit-with V.G
|
95.3**
|
307741
|
677765
|
9923571
|
2-3
|
quartz vein fragments
|
31.45
|
307747
|
677765
|
9923570
|
2-3
|
quartz rubble over 0.22m
|
4.13
|
307742
|
677614
|
9923480
|
4-3
|
quartz rubble over 0.07m
|
16.29
|
307743
|
677570
|
9923654
|
5-3
|
quartz rubble over 0.22m, mainly subangular and angular
|
1.87
|
307624
|
677550
|
9923200
|
6
|
duplicate of 307624
|
9.15
|
307745
|
677615
|
9923523
|
7-3
|
quartz rubble trapped in laterite over 0.36m followed by quartz rubble
over 0.42m with less laterite.
|
1.9
|
307656
|
677853
|
9922635
|
11
|
quartz rubble held by laterite
|
2.84
|
307658
|
677853
|
9922635
|
11
|
quartz rubble held by laterite
|
1.65
|
307660
|
677853
|
9922635
|
11
|
quartz boulders
|
2.7
|
307667
|
677853
|
9922635
|
11
|
large subangular boulder from pit-with V.G
|
127.26**
|
302761
|
677608
|
9923367
|
n/a
|
|
1.71
|
302762
|
677582
|
9923476
|
n/a
|
|
2.02
|
302763
|
677619
|
9923542
|
n/a
|
|
1.95
|
302769
|
677633
|
9923297
|
n/a
|
|
2.43
|
307305
|
677649
|
9923543
|
n/a
|
rock sample, Qv in artisanal working
|
7.2
|
BM50723-42
|
677771
|
9923491
|
n/a
|
rock sample
|
12.89
|
Notes: * UTM Coordination - Arc 1960 Zone 36S Datum; ** Fire assay screen
metallics preparation; VG denotes visible gold
About Stockport Exploration Inc.:
Stockport is focused on the exploration of a district-scale land package
along a prolific gold-hosting greenstone belt in southwest Kenya. The
2,020 km2 property package has potential to host various mineral deposit types,
the most prominent being those of Lode-Gold and Copper-Zinc-Gold-Silver
massive sulphide association. Stockport also holds the La Morena
Copper-Silver property in Coahuila, Mexico, the Seymour Lake
Tantalum-Lithium-Beryllium property near Armstrong, Ontario, and the
KM61 property, which hosts a National Instrument 43-101 compliant
Molybdenum-Copper-Silver resource, also near Armstrong, Ontario.
This press release was prepared under the supervision of Peter Webster,
P. Geo., who is President of Mercator Geological Services Limited and a
Qualified Person as defined under National Instrument 43-101. Mr.
Webster has visited SPL 214 and reviewed the scientific and technical
information in this press release. Standards, duplicates and blanks
were submitted by Stockport with the samples reported in this release
for QA/QC monitoring purposes. Samples were stored in numbered,
tamper-proof tagged gunny sacks at a locked building onsite prior to
delivery by Company vehicles and drivers to an independent preparation
facility in Kisumu. Analytical results reported in this press release
were provided by either ALS Chemex Laboratories in Johannesburg, South
Africa or Genalysis Laboratories in Johannesburg, South Africa or
Perth, Australia. Samples were typically analyzed using standard
preparation procedures followed by gold analysis by FA/AA methods.
Screen metallics assay methods were used for selected samples that are
noted in tabulation of results that appears in this press release.
Forward-Looking Information:
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future production,
reserve potential, continuity of mineralization, exploration drilling,
exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes
that the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. For more
information on the Company and the risk factors inherent in its
business, investors should review the Company's Annual Information Form
at www.sedar.com
SOURCE Stockport Exploration Inc.